World Perspectives

Farm Subsidy Rulings; Bypassing Congress; Food Contradictions

Farm Subsidy Rulings A WTO dispute settlement panel concluded that China violated its obligations by excessively subsidizing wheat and rice production. Reaching a verdict took the panel over two years, and it may now go to a broken appellate process. U.S. agriculture groups are concerned that the victory over China’s subsidies will be for naught since the hold by Washington on WTO appellate judges means adjudication at that level will be stalled indefinitely. Still pending is a case challenging China’s method of tariff-rate quota (TRQ) administration and India’s farm subsidies. Separately, Australia and Brazil have launched a challenge to India’s sugar subsidies. Note that the impending collapse of the appellate pr...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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